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Pension and Benefits

TDU in Action—Pension and Benefits“TDU will support any fight launched by the International Union to defend our benefits. And we will continue to inform members so we can put pressure on the employers and on Hoffa, when necessary, to save and strengthen our benefits.”K.W. Phillips, RoadwayLocal 667, Memphis, Tenn.

Pension Workshops: Our Rights, the Benefit Cuts and How We Can Beat ThemTDU brings together concerned Teamsters and pension experts to share information and build a movement to restore our benefits and strengthen them for the future.

Pension and Benefits Newswire

July 16, 2015: The Keep Our Pension Promises Act, introduced in the US Senate and House would keep promises made to over 200,000 Teamster retirees as well as to working Teamsters who retire in the future.

Six months after Congress approved reducing benefits promised to workers covered by certain troubled pension plans, the IRS and the Pension Benefit Guaranty Corp. have published proposed rules for how pension promises can be broken.

Mike Walden used a baseball metaphor in describing the introduction Thursday of federal legislation that would, if passed, eliminate pension cut provisions that are now law and could impact more than a million people in upcoming years.

The act, signed into law by President Barack Obama in December, would allow significant pension payment cuts to hundreds of thousands of retirees — primarily retired union members — covered by troubled and severely underfunded multiemployer plans.